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Show MINES AND MINING An eastern financial paper contains con-tains tho Information that tho August Au-gust output of tho Newhouso Mines and Smelieni amounted to 500,000 pounds of copper. Hxcnvatlons aro being completed at Gold Circle for tho ten stamp milling mill-ing plant which Is to be Installed by Hiltto capital. The mill builders nro ixpectlng tho arrival of the equipment equip-ment nny day. Daniel Guggonhclin. president of tho American Smelting and Refining company. Is as optimistic over the outlook for bettor prices for silver and lead as ho la over an lmpVovcd copper market. Tho gold production oftho United abovo tho $100,000,000 mark. A fov years ago, tho best Informed gold miners did not consider it within rca-bon rca-bon to predict un output of that amount before 1015. A strlko wns recently mndo In tho Ited Klephnnt initio, seven miles west of Halloy, Idaho. Three feet of high grado galena oro waa cut Into In the lower workings nnd regulnr shipments ship-ments nro being made from tho mine. Tho Idea, to have banks make Biib-stantlnl Biib-stantlnl loans on mining stocks of merit, na they do on ralVroad and other securities that are subject to market fluctuations, is worthy of cnrofnl consideration, says the Mining Min-ing World. From a initio near Lcadvllle, Colo., the Independent smelter of Ogden last week received a carload of oro that will net tho shippers $2.1,450. Tho values carried aro $74 In gold, 7.'! 1.7 ounces In sliver and 12.3 por cent copper. Discovery of a zone of rcmarkablo mineralization in the Gold Prlzo group of claims, west of tho Seven Trough mine and directly south of the C'leghorn group. Is one of the latest sensations In the Seven Troughs district. The CHfTord initio, fifty miles enst of Tonopah, In Nye county, Nevada, has been sold by IMwnrd Clifford and his sons, who discovered and developed de-veloped tho property, to J. C. McCop mnck of Goldlleld for $350,000, a first payment of $25,000. The Consolidated Mereiir Gold Mines company last week shipped to tho mint nt Denver Its August output of bullion, which will bring the com-puny com-puny something over $70,000. This Is a substnntlal Increase over tho output of any month for some time, the production having run from $(.'. 000 to $75,000. Reports from tho camp at Buckskin, Buck-skin, Neviula. nro of the best. It Is certain that the people there aro suro they havo a ennip. New mines nro being developed and old workings stnrtcd up. Tho oil excitement has also reached that camp and thoy think they hnvo as good n showing ns nny of them. Tho Independence mine, two miles south or Ketchuin nnd fourteen miles lrom llalley, has been worked slnco 18S:: by the owners, taking out only first class or shipping ore. leaving tho second elnss, or milling ore, in the initio and dumps. Its record for shipping ore sold up to June, 1907, wns over $100,000. Tho Iron Holds of Iron county, Utah, have long been known to bo among the best In tho United Stntes. In some portions of the Hold exists, It Is said, tho very best product for making besscmnr steel that has been discovered anywhere There Is no question about tho deposits bolng very largo, nor that tltey will bo utilized somo day upon nn extonslvc scnle. Tho deal by which tho Pittsburg Consolidated Mining company, operating oper-ating In tho Alta district, takes over tho holdings of the Pioneer Consolidated Consoli-dated company has been closed. Tho proporty Is inkon undor bond " aUTl lease with tho consideration or $52,250. Realizing $10,000 rrom n 10-foot as-sessmont as-sessmont hole Is the romantic record established by Goorgo Norton, miner, of Mohnwk, Ariz., who has been vpondlng n week In Los Angeles Norton Nor-ton had decided to give up his ground as worthless, when the strlko was mnde. Tho fainoua Engineers' lenso of Golduold has In threo months pro-duced pro-duced $050,000 nnd has paid $3Cf,000 In dividends. Tho lease has two months yet to run, nt tho ond of which tlmo It la est hunted that tho gross output will hnvo been bettor than $850,000. Tho long looked for change of for-mntlen for-mntlen has anpeaied In tho long tunnel tun-nel that Is bolng driven Into Scott hill by tho SoottMi Chler Mining company, nt Park City. Tho tunnol Is past tho 1,200-foot mnrk nnd tho last 260 feet has been run through a hard ntiartzlto. A strlko of two feet ot rree milling oro that assays eloso to $500 In gold and pans big, was mnde In the South Fork (Kspeyl nilno recently, according accord-ing to tho F.Ik City (Idaho) Mining Nows. A year ago $2,140 was taken out In fourteen dnys with a "coffoo mill" equipment. |